Nittin Johari Vs Serious Fraud Investigation Office

Whether where the offence committed by the bail applicant is a serious economic offence, bail cannot be granted u/s 439 of the CrPC even if the bail application is not tested on the touchstone of the twin conditions prescribed u/s 212(6)(ii) of the Companies Act, 2013 - YES: HC

Whether in absence of reasonable grounds to hold that the accused is not guilty of the offences of corporate fraud & will not continue to commit the offence while on bail, twin conditions for grant of bail contained u/s 212(6) (ii) cannot be satisfied - YES: HC

- Application dismissed: DELHI HIGH COURT

2020-TIOLCORP-21-NCLAT

QVC Exports Pvt Ltd Vs United Tradeco FZC

Whether the NCLT has jurisdiction to rectify or to make substantial changes in the resolution plan under its inherent powers after the expiry of period stipulated for completion of CIRP - NO: NCLAT

- Appeal allowed: NCLAT

Aero Club Vs Solar Creations Pvt Ltd

Whether a partial arbitral award which determines certain matters in its finality is a final award & hence needs to be challenged within the period of three months from the date on which the party making the application u/s 34 had received the arbitral award - YES: HC

- Petition partly dismissed: BOMBAY HIGH COURT

Amendments to Trade Remedial Measures: Is it a protectionist move?

Railways Fails to Stop downslide on Uphill Route

Income tax raids 3 infra companies; detects cash generation of Rs 2000 Cr

FinCom Advisory Council discusses strengthening of GST technology platform

Finance Commission constitutes Group on Defence and Internal Security

Organic food segment grows at a CAGR of 10% during 2016-20

Health Secretary reviews preparedness for Coronavirus

TOG

Need to promote climate-resilient crops & adopt diversification: Naidu

Need to work on mission mode to promote home-made handicrafts: Commerce Minister

Coal Minister to hold chintan shivir to strategise on Way Forward